$NMR SHORT SETUP AT SUPPLY ZONE — 1:2 R:R IN PLAY 🔥
Entry: $8.90 🔥
Target: $8.40 🚀
Stop Loss: $9.20 ⚠️
$NMR is showing a clear rejection at the $8.90 resistance level, which has historically acted as a supply zone on the 4H timeframe. The volume spike on the last touch suggests aggressive sellers are stepping in, and the recent break of structure below $8.70 confirms bearish momentum.
With a risk-to-reward of roughly 1:1.7 and the stop placed just above the recent high, this setup offers a clean play for short sellers. Are you waiting for a retest of $8.90 or already in position?
Not financial advice. Always manage your risk.
#NMR #ShortSetup #Breakdown #Crypto
🔥
Entry: $8.90 🔥
Target: $8.40 🚀
Stop Loss: $9.20 ⚠️
$NMR is showing a clear rejection at the $8.90 resistance level, which has historically acted as a supply zone on the 4H timeframe. The volume spike on the last touch suggests aggressive sellers are stepping in, and the recent break of structure below $8.70 confirms bearish momentum.
With a risk-to-reward of roughly 1:1.7 and the stop placed just above the recent high, this setup offers a clean play for short sellers. Are you waiting for a retest of $8.90 or already in position?
Not financial advice. Always manage your risk.
#NMR #ShortSetup #Breakdown #Crypto
🔥